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8,000 programs with a distribution level of over 150,000 awards for undergraduate and postgraduate students worth a total of more than $35 million is what EdFed's comprehensive scholarship database contains. It also includes student loan forgiveness programs for those who have graduated from college and need alternatives for repayment.

Academic Challenge Scholarship
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Scholarship Summary
Amount The scholarship amount varies each academic year t
Application Deadline 6/1/2006
Requirements Must be a domestic student in the U.S.; This is a freshman year award.; Must be a high school senior at time of application.; The applicant and his/her parents (or legal guardians) must have been Arkansas residents for the 12 months prior to the applicant's graduation from high school.; Must graduate from an Arkansas high school.; Must plan to attend an Arkansas college or university.; Must meet the following financial need requirements: for a family with one dependent child under the age of 24, have an average family adjusted gross income, for the two years preceding the year of high school graduation, not exceeding $60,000; for a family with two dependent children under the age of 24, have an average family adjusted gross income, for the two years preceding the year of high school graduation, not exceeding $65,000; for a family with three dependent children under the age of 24, have an average family adjusted gross income, for the two years preceding the year of high school graduation, not exceeding $70,000; and for each additional (over three) dependent child, the income level increases by $5,000 per child. A family that includes two or more dependent children under the age of twenty-four, and two or more of these children are enrolled full-time in approved Arkansas colleges, shall have the income limit increased by an additional $10,000 of adjusted gross income for each additional child (other than the applicant) enrolled in college.; Must have a grade point average of 2.5 or higher if enrolling at an approved four-year institution or a grade point average of 2.25 or higher if enrolling at an approved two-year institution.; Must a U.S. citizen or permanent resident alien.; Must plan to enroll full time.; Must have a composite score of 15 or higher on the ACT test.
Additional Info
Contact Info
Organization: Arkansas Department of Higher Education
Title: Financial Aid Specialist
Phone: 501-371-2000
City/State/Zip: Little Rock - Arkansas - 72201

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I started my application on the 5th of September. I was called that same day by a loan officer which was actually great because then I wouldn’t have to wait on the phone which I have had to do with other companies. My loan officer had everything ready she went over my monthly payments and interest rate. I was able to sign my application on line that same day. I am indeed grateful for all the help. Thank you EdFed.
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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